Market Overview - U.S. stocks experienced a decline, with the Nasdaq Composite falling over 350 points, the Dow down 0.55% to 48,922.97, the NASDAQ down 1.58% to 23,335.70, and the S&P 500 down 1.06% to 6,889.76 [1] - Energy shares increased by 2%, while information technology stocks decreased by 1.3% [1] Retail Sales and Economic Indicators - U.S. retail sales rose by 0.6% month-over-month in November, marking the largest increase since July, compared to a revised 0.1% drop in October [2][10] - The U.S. current account deficit decreased by 9.2% to $226.4 billion in Q3, against market expectations of a $238 billion gap [10] - U.S. producer prices increased by 0.2% month-over-month in November, consistent with market expectations [10] Commodity Market - Oil prices rose by 1.3% to $61.97, gold increased by 0.5% to $4,622.10, silver surged by 4.8% to $90.560, and copper rose by 0.3% to $6.0345 [5] European and Asian Markets - European shares were mostly higher, with the eurozone's STOXX 600 up 0.19%, Spain's IBEX 35 up 0.43%, London's FTSE 100 up 0.28%, Germany's DAX down 0.40%, and France's CAC 40 up 0.10% [6] - Asian markets closed mixed, with Japan's Nikkei up 1.48%, Hong Kong's Hang Seng Index up 0.56%, China's Shanghai Composite down 0.31%, and India's BSE Sensex down 0.29% [7] Company-Specific Movements - High Roller Technologies, Inc. shares surged by 289% to $13.64 after announcing a partnership with Crypto.com [9] - Clover Health Investments Corp shares rose by 10% to $2.78 following a year-over-year increase in membership growth [9] - Inspire Veterinary Partners Inc shares increased by 78% to $0.041 after filing to increase its authorized common stock [9] - Briacell Therapeutics Corp shares fell by 53% to $5.09 after pricing a public offering at $5.59 per unit [9] - Plus Therapeutics Inc shares dropped by 39% to $0.29 after announcing a public offering priced at $0.38 per unit [9] - Hub Cyber Security Ltd shares decreased by 39% to $0.33 following a reverse stock split announcement [9]

Core Insights - Clover Health Investments, Corp. reported a 53% year-over-year growth in Medicare Advantage (MA) PPO plans for the 2026 plan year, reaching approximately 153,000 members, indicating disciplined growth in core markets and strong retention [1][5] - The company anticipates achieving its first-ever full year GAAP Net Income profitability in 2026, driven by strong cohort economics and operational efficiencies [5][4] Key AEP and Business Highlights - Clover's AEP performance reflects the effectiveness of robust plan benefits, Clover Assistant-enabled clinical performance, and a deepening market presence, leading to market-leading growth [3][4] - The company maintained stable plan benefits year-over-year, achieving over 95% member retention during the AEP, reinforcing the stability of its membership base [5] - Over 97% of Clover's January 1, 2026 membership is in its flagship PPO plan, which is ranked 1 nationally on core HEDIS metrics for the second consecutive year, showcasing the company's commitment to clinical quality [4][5] Strategic Growth Initiatives - Clover's growth strategy focuses on concentrated efforts in established core markets, leveraging strong Clover Assistant coverage and a differentiated Home Care offering to enhance care delivery and improve cohort performance [5][4] - The company expects significant improvements in new member cohort performance, supported by a 4.0 Stars rating for its PPO plans, favorable CMS rate updates, and continued operational leverage as SG&A efficiency improves with scale [5][4]

Core Insights - Clover Health Investments, Corp. reported a 53% year-over-year growth in Medicare Advantage (MA) PPO plans for the 2026 plan year, reaching approximately 153,000 members, indicating disciplined growth in core markets and strong retention [1][4][5] - The company anticipates achieving its first-ever full year GAAP Net Income profitability in 2026, driven by strong cohort economics and operational efficiencies [5][4] Key AEP and Business Highlights - Clover's AEP performance reflects the successful integration of robust plan benefits, Clover Assistant-enabled clinical performance, and a deepening market presence, leading to market-leading growth [3][4] - The company maintained stable plan benefits year-over-year, achieving over 95% member retention during the AEP, which reinforces the stability of its membership base [5][4] - Over 97% of Clover's January 1, 2026 membership is in its flagship PPO plan, which is ranked 1 nationally on core HEDIS metrics for the second consecutive year, showcasing the company's commitment to clinical quality [4][5] Strategic Growth Initiatives - Clover's growth strategy focuses on concentrated growth in established core markets, leveraging strong Clover Assistant coverage and a differentiated Home Care offering to enhance member care [5][4] - The company expects significant improvements in new member cohort performance, supported by a 4.0 Stars rating for its PPO plans, favorable CMS rate updates, and continued operational leverage as SG&A efficiency improves with scale [5][4] - Clover aims to enhance Clover Assistant coverage and primary care provider (PCP) adoption to further drive member engagement and retention [5][4]

Company Overview - Clover Health is a health care insurance plan focused on improving health care for seniors in Medicare Advantage through a differentiated vision and approach [2] - The company utilizes technology to enable earlier diagnosis and treatment of chronic diseases, aiming for better quality of care and health outcomes at a lower total cost [2] Technology and Innovation - Clover Health's software platform, powered by AI, allows physicians to perform at the top of their license, enhancing the overall care delivery process [3] - The technology has been developed over the last decade using large data sets and machine learning, resulting in dozens of patents related to its proprietary clinical platform [3] Market Potential - The Medicare Advantage market is substantial, exceeding $500 billion annually, with over 35 million seniors currently enrolled [3] - Clover Health primarily focuses on the PPO segment of Medicare Advantage, with nearly 100% of its members enrolled in PPO plans [4]

Fourth Quarter & Full-Year 2024 Earnings Conference Call February 27, 2025 LGTMs: Date: Andrew T. LGTM via email 2/26/25 Peter K. LGTM 2/26/25 Legal (Karen / Peter R.) 2/26/25 Accounting (#s review) 2/25/2025 Disclaimer This presentation and the accompanying oral presentation include forward-looking statements, including, without limitation, statements regarding future events and Clover Health Investments, Corp.'s ("Clover Health," "we," "our," or "us") expectations regarding Adjusted EBITDA, Adjusted Net i ...